Buy United Spirits, Cairn India may hit Rs 132, HDIL Rs 75: Gaba

Prakash Gaba of prakashgaba.com told CNBC.TV18, "In United Spirits, I feel there is a strong support zone in the vicinity of Rs 2,250 from a longer term perspective. So, what we are seeing is some kind of a bounce back, some kind of a opportunistic buying happening here. In two days, we have seen a good upmove here, very good targets around Rs 2,590 and I think it is going there. Once United Spirits cross Rs 2,650 then it is much better, looks like more bounce is here. So, I would have a stop loss at Rs 2,435 and trade long.""Cairn India basically has broken down yesterday. It got tied in the upper regions, more of an exhaustion pattern closer to Rs 160 zone. Once it breaks down with a gap, looks like there is more downside here. Cairn can slide down to levels closer to Rs 132, keep stop loss above Rs 143," he said."HDIL looks weak. It is more of a typically exhaustion pattern. It has falling like a stone. Possible target on the downside could be in the vicinity of Rs 75, may take a day, two or three days for that but looks like Rs 75 is within reach, keep stop loss above Rs 84.""Banking pack certainly is looking weak. It has broken down gap. The way Union Bank of India is trading, Rs 113 is in the vicinity. I think it should go there, it is falling, keep stop loss above Rs 123."